Blue Foundry Corporation Investors Alert: Kahn Swick & Foti Investigates Proposed Sale
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., alongside Kahn Swick & Foti, LLC (KSF), has initiated an investigation into the proposed sale of Blue Foundry Bancorp (NasdaqGS: BLFY) to Fulton Financial Corporation (NasdaqGS: FULT). This examination focuses on whether the terms of the acquisition are fair and adequate for Blue Foundry shareholders.
Terms of the Proposed Transaction
According to the announcement, shareholders of Blue Foundry Bancorp will receive 0.65 shares of Fulton Financial for each share held. KSF aims to evaluate if this consideration effectively reflects the value of Blue Foundry and whether the sale process has been conducted appropriately.
Concerns Over Valuation
As part of the investigation, KSF is assessing whether the offered exchange ratio truly honors the intrinsic value of Blue Foundry. Shareholders who believe the terms are insufficient or unfair are encouraged to voice their concerns.
- Transaction type: Proposed acquisition
- Exchange ratio: 0.65 shares of Fulton per share of BLFY
- Legal consultation: Available with no obligation
Contact Information for Shareholders
Shareholders seeking further information or wishing to discuss their legal rights regarding the proposed sale can contact KSF Managing Partner, Lewis S. Kahn. He can be reached at:
- Email: lewis.kahn@ksfcounsel.com
- Phone: Toll-Free: 855-768-1857
- Visit KSF's website for more details
About Kahn Swick & Foti, LLC
KSF is a reputable law firm known for its focus on shareholder rights and corporate governance. With partners such as the Former Louisiana Attorney General, KSF channels its experience and expertise to investigate and advocate on behalf of investors.
For more information about Kahn Swick & Foti, visit their website at www.ksfcounsel.com.